MISSISSAUGA, Ont. — Transport International Pool (TIP), has acquired road and storage trailer assets and the related lease portfolio of Action Trailer Leasing.
Under the agreement, Action’s 3,600 trailers will be integrated into TIP’s Canadian fleet. Also, Action Trailer Leasing branches in Montreal, Toronto, Calgary, and Moncton, N.B., will be consolidated with TIP’s Canadian branch network.
Action Trailer Sales will continue to operate its Utility trailer dealerships for Ontario and Quebec out of its existing facilities in Mississauga and Montreal as well as rent a limited number of trailers on a short-term basis.
“We are pleased to have entered into this agreement and look forward to working with our new Action customers,” says Chris Hines, president of TIP North America. “They will be able to take full advantage of all benefits of TIP’s one-stop shopping and financing resources, as well as gain online access to their account information and TIP products and services via www.tiptrailers.com.
“This acquisition is consistent with our strategy to add premium equipment to our fleets. It also gives us the opportunity to better meet the needs of our new and current customers throughout Canada.”
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